Aimtron Electronics IPO subscription opens on May 30: Check price band, lot size and other key factors before bidding

Aimtron Electronics IPO: The initial public offering (IPO) of Aimtron Electronics Limited, a provider of products and solutions for electronics system design and manufacturing (ESDM) will open for subscription on Thursday, May 30.

Investors can bid for Aimtron Electronics Limited’s shares till Monday, June 3.

The book-running lead manager for the issue is Hem Securities Limited and the registrar for the issue is Link Intime India Private Ltd. The market maker for Aimtron Electronics IPO is Hem Finlease Pvt Ltd.

Aimtron Electronics IPO is a book-building issue worth ₹87.02 crore comprising a fresh issue of 54.05 lakh shares. The IPO offer size included an anchor portion of 1,536,000 shares and a market maker allocation of 2,81,600 shares.

Not more than 50% of the issue has been reserved for QIBs (Qualified Institutional Buyers), not less than 35% of the Net Issue has been reserved for retail investors and not less than 15% of the net issue for NII (Non-Institutional Investors).

Aimtron Electronics IPO’s promoters are Mukesh Jeram Vasani, Nirmal M Vasani and Sharmilaben Lakhanbhai Bambhaniya.

Aimtron Electronics IPO price band, lot size and minimum investment

The price band for the IPO has been set at ₹153 to ₹161 per share. Retail investors can apply for a minimum of one lot of 800 shares, aggregating to an investment of ₹1,28,800.

Aimtron Electronics IPO dates

The subscription window for Aimtron Electronics IPO will close on Monday, June 3. Aimtron Electronics IPO share allotment status is expected to be decided by June 4. The initiation of refunds for non-allottees along with the credit of shares in the Demat accounts of successful bidders is likely to be done on June 5. Shares of Aimtron Electronics are expected to be listed on NSE Emerge on Thursday, June 6.

Aimtron Electronics IPO financials

The company’s revenue for the nine months ended December 31,2023 of the financial year 2023-24 stood at ₹67.64 crore, the company’s PAT (Profit After Tax) and net worth for the same period stood at ₹9.76 crore and ₹40.99 crore, respectively.

The company’s revenue for FY23 grew more than 169% to ₹72.39 crore from ₹26.89 crore in FY22. The company turned profitable in FY23 and reported a PAT of ₹8.63 crore in FY23 compared to a net loss of ₹1.8 crore in the preceding fiscal. The company’s net worth grew more than 53% to ₹31.23 crore in FY23 on a year-on-year basis from ₹20.38 crore.

Aimtron Electronics IPO objective

The company plans to use the funds raised via the IPO for repayment of certain of the outstanding borrowings, funding capital expenditure for the installation of additional plant and machinery. The company will also use the proceeds for funding its working capital requirements and for general corporate purposes.

About Aimtron Electronics

The company, founded in 2011, is a provider of products and solutions for electronics system design and manufacturing (ESDM) services. The company’s services include PCB (Printed Circuit Board) design, assembly, and complete electronic system manufacturing. The company’s clientele includes domestic and global manufacturers.

The company has two manufacturing facilities in India in Vadodara, Gujarat, and Bengaluru, Karnataka.